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Choose the One Most Appropriate Answer for Each

Question 31

Multiple Choice

Choose the one most appropriate answer for each.
-a refinanced loan wherein the lender combines the interest rate of the existing loan with a current rate


A) adjustment period
B) adjustable rate mortgage (ARM)
C) blanket mortgage
D) blended-rate loan
E) buy-down mortgage
F) carryback financing
G) contract for deed
H) equity mortgage
I) equity sharing
J) graduated payment mortgage
K) interest rate cap
L) negative amortization
M) option
N) overencumbered property
O) package mortgage
P) payment cap
Q) reverse mortgage
R) sale and leaseback
S) subordination
T) wraparound mortgage

Correct Answer:

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